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Revenue for the Pawtucket, R.I., company fell 6 per cent to $766.3 million from $811.5 million, missing Wall Street’s $800.6 million estimate.

Sales were weak not only in the U.S. and Canada, where a 4 per cent decline was reported, but overseas as well, which posted a 6 per cent drop.

Sales of boys’ toys declined 35 per cent against tough year-ago comparisons that got a boost from merchandise tied to movies. While Nerf sales rose, sales of other brands, such as Marvel and Beyblade, weakened.

Sales of girls’ toys jumped 43 per cent in the current quarter, driven by sales of My Little Pony and Furby. Board game sales climbed 19 per cent, with sales of Monopoly and Magic: The Gathering both climbing. Sales of other games, such as Twister and Jenga, also increased.

Last week, rival Mattel Inc.’s second-quarter net income fell, hurt by ongoing softness in Barbie sales and a write-down on the Polly Pocket line.

Looking toward its future, Hasbro is taking steps to extend and expand its relationship with Disney. An amendment pertaining to the Marvel properties extends Hasbro’s global rights for Marvel characters such as Iron Man and Spider-Man for two more years, through 2020. Hasbro’s rights for the Star Wars franchise also run through 2020.

Hasbro will guarantee an additional $80 million in royalties to Disney in regards to Marvel-related products, contingent on additional Marvel movie releases. Hasbro will also pay up to $225 million guaranteed payments to Disney to include the next three Star Wars films and the release of other possible Star Wars-related entertainment, which was not accounted for under the prior agreement between the companies. Hasbro will pay $75 million at the agreement’s signing, with the rest of the funds due when the next Star Wars movies are planned to be released. Star Wars: Episode VII is currently planned to be released in the summer of 2015.

Hasbro has implemented a cost-cutting program to maintain profitability, including a push to slash its workforce by 10 per cent. The move also includes consolidating facilities and reducing the number of product extensions. While the toy maker incurred pension-related charges of $2.5 million in the second quarter, Hasbro said it may still see as much as $8 million in additional pension-related charges.

The company said that it still expects full-year charges of $30 million to $35 million, before pension-related charges. It also continues to anticipate gross savings of $45 million to $48 million for the year. This would amount to $13 million to $15 million in net savings for 2013, before pension-related charges.

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